1. #1
    topgame85
    topgame85's Avatar Become A Pro!
    Join Date: 03-30-08
    Posts: 12,325
    Betpoints: 3082

    New Jersey Sports betting challenge: Are we under 60 days from a book at Monmouth?

    Link Not Working - Removed-)
    Last edited by SBRAdmin3; 06-09-14 at 01:47 PM.

  2. #2
    topgame85
    topgame85's Avatar Become A Pro!
    Join Date: 03-30-08
    Posts: 12,325
    Betpoints: 3082

    This is honestly it, the whole thing boils down to really the next 50 some odd days. We will either be on the coure to nationwide regulation and legalization or the whole think falling into the depths of legal purgatory. If this fails now I honestly do not believe we will see legal sports betting outside of Nevada in my lifetime. Get this done Christie.

  3. #3
    tblues2005
    tblues2005's Avatar Become A Pro!
    Join Date: 07-30-06
    Posts: 9,234
    Betpoints: 7184

    It looks very interesting here to have this being legal in New Jersey. I think the feds should stay out of this and other states could follow suit on this chance to make some income for their states. The feds could keep this in behalf of the states just like the pot laws in Colorado and Washington. It will be interesting to see what's going to happen next.

  4. #4
    anthonydiamondLC
    anthonydiamondLC's Avatar Become A Pro!
    Join Date: 11-02-08
    Posts: 2,296
    Betpoints: 1741

    In my opinion I think Hurricane Sandy clinched this whole thing for New Jersey. NJ needs in multiple ways added revenue streams and with this being a state sponsored act I don't think there is a chance someone disallows them from doing this. Also Nevada having sports betting and no one else is literally the definition of a monopoly, however no one in the past has challenged them as hard as NJ is right now. If AC weren't to be approved for sports betting that whole city especially with the aftermath of Sandy may go under. The leagues case is very very weak. This is literally a matter of time till its all implemented.

  5. #5
    paranoyd androyd
    paranoyd androyd's Avatar SBR PRO
    Join Date: 10-01-11
    Posts: 6,459
    Betpoints: 134523

    where in monmouth county? why would they get it before, say, atlantic county?

  6. #6
    topgame85
    topgame85's Avatar Become A Pro!
    Join Date: 03-30-08
    Posts: 12,325
    Betpoints: 3082

    Quote Originally Posted by anthonydiamondLC View Post
    In my opinion I think Hurricane Sandy clinched this whole thing for New Jersey. NJ needs in multiple ways added revenue streams and with this being a state sponsored act I don't think there is a chance someone disallows them from doing this. Also Nevada having sports betting and no one else is literally the definition of a monopoly, however no one in the past has challenged them as hard as NJ is right now. If AC weren't to be approved for sports betting that whole city especially with the aftermath of Sandy may go under. The leagues case is very very weak. This is literally a matter of time till its all implemented.
    Sandy can't hurt, neither can the way Christie played nice with Obama in the aftermath. The real worry to me is Reid, he is a powerful guy and he holds a lot of weight and he is willing to throw it against NJ. I am sure he has personally made calls to try and squash this. It is going to be the final stand IMO. If it does not take in Jersey now it could be a long way down the road before this resurfaces.

  7. #7
    topgame85
    topgame85's Avatar Become A Pro!
    Join Date: 03-30-08
    Posts: 12,325
    Betpoints: 3082

    Quote Originally Posted by paranoyd androyd View Post
    where in monmouth county? why would they get it before, say, atlantic county?
    Monmouth race track will be the first location to open operations. They have openly stated they want to be licensed and accepting wagers as soon as humanly possible. Noting this would be before the super bowl without an injunction or unseen delay. The Horseman of Monmouth park actully filed papers backing the state and commenting on the importance of sports wagering to the future of NJ racing.

    Many AC casinos will not open shop unless PASPA is overturned because they have casinos in Nevada and they don't want to risk their gaming commission licenses out there by flagrantly violating federal law. Monmouth is independednt so they have a far lower financial stake in violating PASPA. Revel also has been rumored to be willing to move forward even if PASPA is not overturned.

  8. #8
    paranoyd androyd
    paranoyd androyd's Avatar SBR PRO
    Join Date: 10-01-11
    Posts: 6,459
    Betpoints: 134523

    ah gotcha, i believe most of the AC casinos have filed their applications as well.

  9. #9
    topgame85
    topgame85's Avatar Become A Pro!
    Join Date: 03-30-08
    Posts: 12,325
    Betpoints: 3082

    Hope they have, but getting licensed does not necessarily mean that even once they get approved they will start offering it right off the bat. They might take a wait and see stance before jumping in the water. Can't say I'd blame them they can lose a lot if they feds swoop in and lock up half the companies leadership on violation of federal law. The best outcome is a ruling that PASPA is unconstitutional as it clearly is but that is not likely to happen. The revenue that will be lost from the eastern seaboard to Vegas will be devastating but if PASPA is overturned and California legalizes it as they have indicated they'd like to do Vegas becomes just another city in the desert and I just don't see Reid letting that happen under any circumstance. I'm holding out for the grey area outcome where the feds turn a blind eye and a few brave locations operate legally under state law in NJ.

  10. #10
    paranoyd androyd
    paranoyd androyd's Avatar SBR PRO
    Join Date: 10-01-11
    Posts: 6,459
    Betpoints: 134523

    in general on many issues, there's lots of momentum for a true states rights society. people on both sides of the isle (especially repubs and libertarians) have become increasingly tired of the federal government.

    if you live in a state where legislation has passed democratically, you'll be damned to allow the feds onto your turf and tell you otherwise. not only is it unconstitutional, but it furthers the anger towards washington which is something i don't think obama wants. harry reid is a piece of trash and should be hung anyway.

  11. #11
    topgame85
    topgame85's Avatar Become A Pro!
    Join Date: 03-30-08
    Posts: 12,325
    Betpoints: 3082

    Don't have to convince me on any of what you said, in full agreeance as a libertarian personally. Reid is garbage but he represents a dying state the same as Christie does and both of their electorates are watching. Both of them should be willing to do whatever it takes to either get this done ala Christie or shoot it down in Reid's case. Just think Reid might have the upper hand here but I guess we will know soon enough. The law is in as clearly in violation of states' rights and the Constitution as anything on the books but recently the constitution has not held much weight.

  12. #12
    Darkside Magick
    Black Box Algorithm
    Darkside Magick's Avatar Become A Pro!
    Join Date: 05-28-10
    Posts: 12,586
    Betpoints: 1258

    Many who have been following New Jersey’s landmark sports betting legal battle against the NCAA, NFL, MLB, NBA and NHL have been wondering, “What does the federal government have to say about this? It’s a 20-year-old law passed by Congress that is at the heart of the case, after all.”

    On Tuesday, we got some news: U.S. District Court Judge Michael Shipp signed an “Order Certifying Notice of a Constitutional Question” to the U.S. Attorney General’s office in response to Governor Christie’s filing last week of a “Constitutional Question.”

    The judge also set an interesting deadline for the U.S. Attorney General’s office to intervene in this case: Jan. 20:

    So we have a Dec. 5 deadline for the leagues to respond to the state’s case made last week, a Dec. 18 date for oral arguments, and a Jan. 9 end to the state’s moratorium on the issuance of sports betting licenses to state racetracks or Atlantic City casinos.

    While Monmouth Park officials have had some hope of receiving a license and starting to offer NFL playoff betting almost immediately, that was not certain to be the case. Now, at least the track should know what sort of hand the federal government is dealing before the Feb. 3, 2013 Super Bowl in New Orleans – the mother of all sports betting days.

  13. #13
    mtneer1212
    mtneer1212's Avatar Become A Pro!
    Join Date: 06-22-08
    Posts: 4,993
    Betpoints: 3369

    I believe the Feds will treat this the same way as they have treated recent state marijuana legislation - look the other way. I haven't felt this way until recently - but now I really believe this will go without Federal intervention.

  14. #14
    pokernut9999
    pokernut9999's Avatar Become A Pro!
    Join Date: 07-25-07
    Posts: 12,757

    Quote Originally Posted by topgame85 View Post
    Sandy can't hurt, neither can the way Christie played nice with Obama in the aftermath. The real worry to me is Reid, he is a powerful guy and he holds a lot of weight and he is willing to throw it against NJ. I am sure he has personally made calls to try and squash this. It is going to be the final stand IMO. If it does not take in Jersey now it could be a long way down the road before this resurfaces.
    Thought Christie held all the weight ......

  15. #15
    JohnGalt2341
    46 and 2 are just ahead of me
    JohnGalt2341's Avatar SBR PRO
    Join Date: 12-31-09
    Posts: 8,764
    Betpoints: 3703

    This whole issue is a perfect example of how the Government does things. The Government run Lottery pays out 50% for every dollar it takes in. Not only is it perfectly LEGAL it's also heavily promoted by the Government. Gambling on Sports... most Sportsbooks payout approximately 95% for every dollar they take in. But this form of gambling the Government does not want to legalize. And yet... most politicians say they believe in Freedom and the Free Market. The don't. They say it because it sounds good. Virtually everything the Government does it does worse than the Private Sector. When was the last time a President sent his kids to a Government run public school? It's ironic because, in many cases I think the Government is aware of how horrible they are at doing things yet they usually don't want the private sector competing with them. It's very sad. I wonder if Thomas Jefferson could get elected in today's day and age? I doubt it.
    Nomination(s):
    This post was nominated 1 time . To view the nominated thread please click here. People who nominated: paranoyd androyd

  16. #16
    tblues2005
    tblues2005's Avatar Become A Pro!
    Join Date: 07-30-06
    Posts: 9,234
    Betpoints: 7184

    I just think it will be very interesting to see what happens next on this issue. I know the state of Iowa will be the ones that are looking into this next no doubt. I have been hearing that Iowa wants to become the Vegas of the Midwest. It sure will make it a lot easier to travel to Iowa to play sports legally if that happens.

Top